Analysis of Gold backed ICOs: Moria Token vs GOLDMA Token

by Nyarai Femai

Moria token and Goldma token are both cryptocurrencies that are backed by the royalties that come from the production of mining gold. Although the two ICOs are similar, there are significant differences that may possibly make the latter an updated version of the former. Since Moria’s ICO has already run its course, it is only natural for upcoming similar ICOs to study and learn from those that have launched before them. This is why there have been several aspects of the Goldma ICO that are enhanced in order to ensure transparency and clarity. Studying the weak areas of Moria serves to understand why they have a 2.4 expert rating on Icobench which is indicative of a few weaknesses that brought about such a low rating. Therefore, it would be good to compare the two ICOs just to see what can be done better by similar ICOs to be launched in the future.

ICO: Goldma Token
Coin ticker: GMA.
Value: Backed by gold royalties.
Company: Goldchip Mining Asset.
Location: Chakari, Zimbabwe.
Duration of ICO: 23 Apr — 12 Jul 2018.
Payout: 5% Net profit in Ethereum.
Payment schedule: Once Per Quarter.